PEL breakout in day chartPEL breakout in day chart ..wait for retesting its support ....and can go for buy in long term
PEL trade ideas
STOCK ANALAYSIS PIRAMAL ENTERPRISES LTD.Good evening friends, We are sharing our view on PEL and the level to watch is 2944 above this it will rise to 3200 see video for details.
Regards.
PEL - Breakout TradePEL was trading within a range. Today the stock has given a breakout out of the consolidation range. Can retest the breakout level
PELStoke recommended in channel at 2600 level now it's trading around 2950. We can see more upside from here.
PEL trading idea for 5/10/2021 to 10/10/2021Piramal enterprise looking good to buy as it show good strength on chart
PEL Bullish candlestick pattern formationStong volumes coming onto this counter indicating the presence of some institutional players, bullish volumes seen and a piercing bullish candle pattern.
Priamal Enterprise - Parallel ChannelNSE:PEL
Its trading within a Parallel Channel and will go till 3000 Levels
Piramal: Beautiful Candles in volume and price Hello Traders,
PEL I traded today and again will enter tomorrow.
The price entry remains CMP: 2782 or wherever I can catch it after 9:20. In case of downward move the 9/21 EMA rejection on 75 minute chart will be my entry point around 2730.
SL: 2503
Target: 3120-3200
No complex logic. Prie action and volume momentum
Happy Trading!
Long building upThe charts showing good buildup happening. Combined with the charts or cipla, glenmark and other major pharma players… it seems pharma is the next rally sector after infra/reality
PEL may register new ATHPiramal Ent is developing cup pattern and further, a trendline also showing some resistance. With the world market on bulls side, it is possible that we may see new ATH in this stock.
PEL - Portfolio counterKeep adding these kind of stocks in portfolio they will always makes you feel better with Time.
Add here too for tgt of 3000
PELPEL volume and RSI looks good for short term trading. Last few sessions are really good let's hope for new range
Piramal Ent looks goodThe stock broke the short-term downtrend and also bounced from its support. Can be bought for a target of 2915. CMP-2740 and SL will be 2600 on a closing basis. Do FOLLOW for more ideas.
[ INTRADAY ] PEL LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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#PEL Cash : Looks good below 2490#PEL CASH -Positional call
20.09.2021
Looks good sell below 2490
target 2400-2410/2300
stoploss 2550
(Support & Risk free below 2440-2450)
cmp 2503.55
PELNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
PEL Breakout CandidatePEL can be kept under the radar for swing trade. If breaks this TL out of triangle pattern on clb (hourly minimum).
PEL swing tradePrice has been consolidating around the 38.2% - 50% fib range/ 21 and 50 ema. It has even formed a triangle pattern. MACD and Stochastic RSI are signaling buy. A strong close above 2700 would be a good buy confirmation.
